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Indonesia excludes tightly held stocks from index as MSCI weighs downgrade

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Coverage spectrum

Covered by 3 outlets, mostly center (67%).

12 articles in total. The spectrum counts each outlet once and leaves opinion out. How we measure bias

Aerial view of Jakarta skyline with high-rise towers, a roundabout expressway and dense urban neighborhoods.
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Index provider MSCI has said it is considering moving Indonesia from emerging-market to standalone status, which Bloomberg, CNBC and the Financial Times describe as a possible downgrade. Bloomberg reports Indonesian stocks fell to their lowest level since 2020 and that Indonesia will remove stocks with concentrated ownership from its benchmark index. CNBC reports the Jakarta Composite Index had its worst two-day sell-off on record before rebounding about 3 percent on Tuesday. CNBC also reports economists now expect Bank Indonesia to raise interest rates, with Citibank forecasting a 50 basis-point increase. Officials are due to meet MSCI on Monday, Bloomberg reports.

Headline and summary written by Mantle’s AI from the coverage below, under published rules. How this works

What happened

Key points

Each point shows who reports it, from Far Left to Far Right.

  1. MSCI has said it is considering moving Indonesia from emerging-market to standalone market status.

    Reported byLeft1Center1See the outletsHide the outlets
    Left
    Bloomberg
    Center
    CNBC

  2. Indonesian authorities will remove stocks with concentrated ownership from the benchmark index.

    Reported byLeft1Center2See the outletsHide the outlets
    Left
    Bloomberg
    Center
    Financial Times, CNBC

  3. Indonesian stocks fell to their lowest level in about six years.

    Reported byLeft1Center1See the outletsHide the outlets
    Left
    Bloomberg
    Center
    CNBC

  4. Indonesian stocks rebounded about 3% on Tuesday after authorities announced market measures.

    Reported byLeft1Center1See the outletsHide the outlets
    Left
    Bloomberg
    Center
    CNBC

  5. Economists expect Bank Indonesia to raise interest rates, with Citibank forecasting a 50 basis-point increase.

    One outletCNBC· Center

  6. Indonesian officials are due to meet MSCI executives on Monday, according to people familiar with the matter.

    One outletBloomberg· Left

What is contested

Where accounts differ

Points the coverage does not agree on, and who says what.

  • Removing tightly held companies from the benchmark index is a positive step toward avoiding an MSCI downgrade.

    Analysts quoted by Bloomberg say the plan is a step in the right direction as regulators work to avoid a double downgrade. CNBC reports that economists are instead expecting Bank Indonesia to raise rates. The FT describes the move as a bid to avoid a downgrade after repeated investability concerns from MSCI.

How each side tells it

Compare views

Every side reports that MSCI is weighing a downgrade of Indonesia from emerging-market status and that stocks fell sharply before partly recovering. Left-side coverage centers on the government’s response and analysts calling the index exclusion a positive step, while center-side coverage stresses pressure on Bank Indonesia to raise rates.

  • the left

    1 outlet

    Bloomberg headlines center on the government response and the market rebound, with analysts describing the index exclusion as a positive step toward avoiding a downgrade.

    Indonesia Stocks Rebound as Authorities Step Up Response to MSCI
    BloombergLeftAll left-leaning headlines

  • the center

    2 outlets

    CNBC and FT headlines frame the event as market pressure and policy response: a stock rout, mounting pressure on Bank Indonesia to hike, and an exclusion made to avoid a downgrade.

    Bank Indonesia faces mounting pressure to hike after MSCI threat fuels market rout
    CNBCCenterAll center headlines

  • the right

    No coverage yet

    No right-leaning outlet that Mantle follows has covered this story yet. That absence is part of the picture.

The words they chose

Language to notice

Words that carry a judgement beyond the facts. Tap a highlighted word anywhere on the page to see why.

  • Left0

    No loaded words in its own voice.

  • Center1

    expels

  • Right

    Has not covered this story.

In the outlets’ own words

  • Loaded verb

    expelsMore neutral: removes

    The same index move is described as an exclusion or removal elsewhere, and expels implies the companies were punished.

    Indonesia expels tightly held companies from Jakarta index in bid to avoid MSCI downgrade

    Used byFinancial Times (Center)

See the full language guide

See for yourself

Side by side

What each side leads with and what it leaves out. Open a side to read its headlines.

From the left

1 outlet

Leads with

  • government response to MSCI
  • market rebound
  • analyst view that the exclusion is a positive step
  • officials meeting MSCI

Leaves out

  • pressure on Bank Indonesia to raise interest rates
  • Citibank rate forecast

Reported by other sides, not found in this side’s coverage.

See the headline from the leftHide the headlines

From the center

2 outlets

Leads with

  • pressure on Bank Indonesia to raise rates
  • stock index rout and six-year low
  • exclusion of tightly held companies as a bid to avoid downgrade

Leaves out

  • officials saying they were blindsided by MSCI’s threat
  • analysts calling the exclusion a positive step

Reported by other sides, not found in this side’s coverage.

See the 2 headlines from the centerHide the headlines

From the right

0 outlets

No right-leaning outlet that Mantle follows has covered this story yet. That absence is part of the picture.

Articles you open from here build My Mix, a private picture of how your reading spreads across the spectrum, kept on this device. What is My Mix?

The left is Far Left and Left together. The right is Right and Far Right together. Every outlet keeps its own five-point rating.

Who reported it when

How the coverage built up

  • Left

    First to report

    Bloomberg, Oct 18, 10:07 PM EDT

  • Center

    53 min later

    Its first report, Oct 18, 11:00 PM EDT

  • Right

    No report yet

    From the outlets Mantle follows

See the order the outlets reported inHide the order
  1. BloombergLeftOct 18, 10:07 PM EDT
  2. CNBCCenterOct 18, 11:00 PM EDT
  3. Financial TimesCenterOct 19, 11:59 AM EDT

Times are the ones the outlets published in their own feeds, in Eastern time. Opinion is left out.

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